Hyundai is building EV and battery production facilities in Georgia

The first EV-only plant in the US will be built byHyundai in Georgia. An additional $1 billion investment from its suppliers will be given to the South Korean automaker.

Construction on the 2,923-acre site is expected to begin in early 2023. The EV factory will add 8,100 jobs and make 300,000 vehicles a year. It only hints at a wide range of EV models hitting Georgia's assembly lines. The battery-building facility will be established through a strategic partnership, but the company doesn't reveal much about it.

The Kona Electric, Ioniq 5 and the hydrogen fuel cell-powered Nexo are in the EV lineup. The EV6 and Niro are all-electric, while the luxury Genesis brand includes theGV60,GV70, andGV80 EV. The new facilities will produce up to six models by the year 2028, according to the COO. A source with knowledge of the situation told the outlet that production could begin with the Ioniq and later expand to include a not-yet-announced EV pickup.

The future of transportation is in the Peach State as we announce the largest project in our state's history that will deliver high-quality jobs on the leading edge of mobility to Georgians.

The state of Georgia struck a deal with Rivian that offered the company over a billion dollars in tax incentives. The $5 billion factory is expected to create about 7,500 jobs by the year 2028.

There are other EV factories in the country. GM plans to build its third EV battery factory in Michigan, while Toyota is building a $1.29 billion battery factory in North Carolina. The location of the EV factory that will be built by the company that owns Jeep, Dodge, and Chrysler has yet to be confirmed. Ford and South Korean battery maker SK Innovation are bringing new EV-focused factories to Tennessee and Kentucky. One of the factories dedicated to producing batteries and EV in the US was opened in Austin, Texas last month.